Facts About Crop Insurance

Rainbow Over a Farm in Delaware

Multiple Peril Crop Insurance (MPCI) provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils. Coverage is available on over 76 crops in primary production areas throughout the United States at 50 to 75 percent of the actual production history (APH) for the farm. Coverage levels of 80 and 85 percent are available for some crops if indicated on the actuarial documents for the county. An indemnity price election from 55 to 100 percent of the Federal Crop Insurance Corporation expected market price is selected at the time of purchase. Minimum Catastrophic Risk Protection (CAT) coverage is available for an administrative fee of only $300 per crop per county.

MPCI coverage provides protection against low yields and poor quality as well as prevented planting, late planting and replanting costs for most crops. MPCI policy benefits include cash-flow protection, good loan collateral, added confidence when developing crop marketing plans, stability for long-term business plans and family security. The MPCI policy is a continuous policy and will remain in effect for each crop year following the acceptance of the original application.